Aussie stands still, Kiwi drops vs. greenback

On Monday, the Australian dollar stood still against its key American rival, while the New Zealand dollar headed south, following the publication of dismal business confidence data and as positive economic growth data from American kept backing the greenback.

The currency pair AUD/USD was almost intact, trading at 0.7602.

The major American currency was driven after a stronger-than-forecast preliminary estimate of American third quarter economic growth backed the case for the Federal Reserve to lift interest rates already in December.

However, the greenback’s revenues got capped by heightened political uncertainty after the FBI told it would scrutinize more emails closely connected with Hillary Clinton's private email use.

The currency pair NZD/USD dropped 0.29%, being worth 0.7144.

Earlier on Monday, data showed that the ANZ business confidence index for New Zealand edged down to about 24.5 in October from the previous month’s outcome of 27.9. 

Scroll to top